Reduction Benefits definition

Reduction Benefits means any real estate tax exemption, abatement, deferral, reduction or benefit having the effect of reducing or deferring Taxes or reducing the assessed valuation of the Real Property (or any portion thereof) or the Tax Rate. “Reduction Benefits” shall not include any reduction in Taxes or the assessed valuation of the Real Property attributable to tax certiorari or similar proceedings or any city-wide general reduction in Taxes in New York City.
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Reduction Benefits shall not include any reduction in Taxes or the assessed valuation of the Real Property attributable to tax certiorari or similar proceedings or any city-wide general reduction in Taxes in New York City.
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Reduction Benefits means a partial or full tax exemption in connection with Existing Lessor’s application with the New York City Department of Finance pursuant to the ICIP Program, as more fully set forth in the Existing Superior Lease, or any other real estate tax exemption, abatement, reduction or benefit having the effect of reducing or deferring Taxes or reducing the assessed value of the Building or the tax rate (other than proceedings, such as tax certiorari proceedings, pursuant to which Landlord or the Existing Lessor disputes or contests the amount of Taxes or the [***] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 37
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Examples of Reduction Benefits in a sentence

  • Such declaration must be made at the time of declaration for the selection of Section 125 Salary Reduction Benefits which is not later than August 30 each year.

  • Agriculture-related damage includes damages occurring in rural communities with a population of less than 50,000.‌ Figure 506-B9: Table 5 – Estimated Average Annual Flood Damage Reduction Benefits (Name of Watershed)(State)(Dollars) 1/ GulliesSubtotal Total 1/ Price base: .

  • Figure 506-B10: Table 5a – Estimated Average Annual Watershed Protection Damage Reduction Benefits (Name of Watershed) (State)(Dollars) 1/ 1/ Price base: .

  • USAID, Optimizing the Economic Growth and Poverty Reduction Benefits of CAFTA-DR.

  • Flood Hazard Reduction Benefits – Have beneficial results or impacts, including non-transportation related flood hazard reduction, during flood events up to and including 100-year events (a 100-year event being a flood event with a probability of occurrence in any given year of 1%).3.

  • GHG Emissions Reduction Benefits From Proposed Amendments: The proposed amendments will allow the District to implement federal NSR and Title V regulatory initiatives that EPA has put into effect through its federal programs.

  • Develop High Runoff Flow Rate Metric(s) Opti-Tool Application for Two Pilot Drainage Areas (Outfall #2 and #7) to Evaluate Source Area Contributions and GI SCM Reduction Benefits 5 Subtask 4D.

  • The fourth category, Required Carbon Market Growth Benefits, is also conceptual and represents growth trends needed to achieve deep GHG reductions by 2050.Table 6: Summary of GHG Emission and Petroleum Fuel Reduction Benefits Based on 262 Projects Category Project Class/RangeGHG Reductions (Thousand Tonnes CO2e)Source: NREL.

  • Statewide Emissions and Risk Reduction Benefits of the Proposed ATCM ...................................................................................................................

  • The ARF is assumed to be 2% per year; see Section 50-2.03(02) Item 4 and Figure 50-2E, Accident Reduction Benefits (Example 50-2.1), column 2.

Related to Reduction Benefits

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Termination Benefit means the benefit set forth in Article 7.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Employment benefits means all benefits provided or made

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Additional Benefits means those benefits in addition to the rights and remedies available under the Australian Consumer Law.

  • Change in Control Benefits means the following benefits:

  • Retirement Benefit means the benefit set forth in Article 5.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Relevant Benefits means any pension, annuity, lump sum, gratuity or other like benefit given or to be given on retirement or death, or in anticipation of retirement.

  • Severance Amount means:

  • Final compensation of a member means:

  • Compensation Accrued at Termination means the following:

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Basic Compensation means Salary and Benefits.